Stock Movers Electronic Arts Rises, Lockheed Martin Gains, Occidental Petroleum Up After OxyChem Report
Sep 29, 2025
Shares of Electronic Arts soar following a massive $55 billion buyout led by a Saudi investment group. Meanwhile, Lockheed Martin and other defense stocks see a surge as the U.S. Department of Defense pushes for increased missile production. Occidental Petroleum makes headlines too, with news of ongoing talks to sell its OxyChem unit, potentially for over $10 billion. These shifts in the market highlight significant movements in technology and defense sectors.
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Historic $55B EA Buyout
- Electronic Arts agreed to a $55 billion leveraged buyout led by Silver Lake and Saudi PIF at $210 per share.
- The price represented about a 25% premium and boosted EA shares to record highs.
Defense Stocks Rise On Missile Push
- U.S. defense contractors rallied after reports the Pentagon wants missile suppliers to sharply boost production.
- Lockheed Martin, L3Harris, RTX and related aerospace-defense indexes hit record highs amid the push for faster output.
Occidental In Talks To Sell OxyChem
- Occidental Petroleum is in talks to sell its OxyChem petrochemical unit in a deal worth at least $10 billion.
- The potential divestment lifted OXY shares to their highest level since April on optimism about the transaction.